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Search Results 0 to 7 of about 8 (some duplicates have been removed)
CNN
Oct 4, 2012 8:00am PDT
to talk about things like, you know, like ending tax breaks and getting people back to work, it seemed like those things backfired with a very powerful mitt romney standing next to him. let me show you exactly what i mean and i want to ask you about it on the other side. >> part of the way to do is to not give tax breaks to companies that are shipping shops overseas. right now, you can actually take a deduction for moving a plan overseas. i think most americans would say that doesn't make sense and all of that raises revenue. >> you said you debt a deduction for take ago plant overseas? look. i've been in business 25 years. i have no idea what you're talking about. i maybe need to get a new accountant but the idea that you get a break for shipping jobs overseas is simply not the case. what we do have right now is bringing money overseas back to this country. >> dana, if he was trying to, you know, articulate some good policy there, it seemed like he just kept getting smacked down. whereas on the campaign trail, he is not getting the smack downs. >> what you just play is so -- for two r
CNN
Oct 4, 2012 11:00am PDT
, only 2 voted against the plan by the time we were finished. we didn't raise taxes. you raised them by a trillion under obama care. we didn't cut medicare. of course, we don't have medicare but we didn't cut medicare by $716 billion. we didn't put in place a board that can tell people ultimately what treatments they're going to receive. we didn't also do something that i think a number of people across this country recognize, which is put people in a position where they're going to lose the insurance they had and they wanted. right now the cbo says up to 20 million people will lose their insurance as obama care goes into effect next year. and likewise a study of mckinsey and company of american businesses said 30% of them are at risk of being dropped. for those reasons, for the tax, for medicare, for this board and for people losing their insurance, this is why the american people don't want obama care. it's why republicans said do not do this, and the republicans had the plan. they put a plan out. they put a bipartisan plan. it was swept aside. i think something this big, this impo
CNN
Oct 5, 2012 8:00am PDT
to our tax code, governor romney and i both agree our corporate tax rate is too high, so i want to lower it, particularly for manufacturing, taking it down to 25%, but i also want to close those loopholes that are giving incentives for companies that are shipping jobs overseas, i want to provide tax breaks for companies that are investing here in the united states. >> you said you get a deduction for taking a plantoverseas? i've been in business for 25 years, i have no idea what you're talking about. >> so i don't either. because i actually don't know the tax code that well. are there actually incentives currently, hal, that encourage people to take their jobs out of the united states? >> well, both the president and mitt romney are both right the way they answered the question. the reality is we don't have a specific incentive to take jobs out of the u.s. but what happens is if you can move your taxable income to another jurisdiction that has a low tax rate, like china, you can pay less taxes in total as long as you don't repatriate the money back to the u.s. the president is right that
CNN
Oct 6, 2012 11:00am PDT
taxes is a mistake. >> clearly in a campaign with hundreds if not thousands of speeches and question and answer sessions, now and then you're going to say something that doesn't come out right. i said something that was completely wrong. >> and friday, another october surprise. president obama getting a boost with the new unemployment rate report. the rate dipping below 8 persh for the first time since the president took office in 2009, which brings us to the next surprise. the obama campaign cash that was raised last month. september proved to be a lucrative month for the president's re-election campaign. democrats raised $181 million. that's a record. joining me live from washington, peter hamby. that's a whole lot of cash raised. very amazing. say many, and all in one month. how was it done? big donors, small donors, what? >> the campaign says 98% of this money came from people giving $250 or less. sptd was a very big month for democrats. polls show that the convention really brought home the democratic base and these numbers just reaffirm it. this is the biggest monthly total of
Search Results 0 to 7 of about 8 (some duplicates have been removed)